Civic Intelligence

Thanks to Scandinavia Inc

EIN 13-6192361 • 501(c)3 • New York, NY

Profile

Thanks to scandinavia, a scholarship fund, recognizes the ordinary people who performed extraordinary acts in scandinavia and bulgaria during wwii that saved tens of thousands of their jewish neighbors. Thanks to scandinavia celebrates those who demonstrated courage, tolerance and civility even in dark times. To honor their legacy, thanks to scandinavia provides educational opportunities for students from scandinavia and bulgaria who are pushing the boundaries of knowledge and working to create positive change in our world.

2218 Broadway 205New York, NY 10024

www.thankstoscandinavia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

54th percentile

0.19x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

5th percentile

-58%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

33rd percentile

$88,000

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

47th percentile

3.1%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$7,555,466

Up $657,038 (+9.5%) from 2023

Liabilities

Down

$22,014

Down $6,561 (-23%) from 2023

Net Assets

Up

$7,533,452

Up $663,599 (+9.7%) from 2023

Revenue

Up

$1,248,453

Up $997,481 (+397%) from 2023

Expenses

Down

$507,586

Down $106,272 (-17%) from 2023

Net Income

Up

$740,867

Up $1,103,753 (+304%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $6,527,159Liabilities 2011: $10,000Net Assets 2011: $6,517,1592011Assets 2012: $5,933,174Liabilities 2012: $10,000Net Assets 2012: $5,923,1742012Assets 2013: $6,293,812Liabilities 2013: $10,000Net Assets 2013: $6,283,8122013Assets 2014: $6,902,813Liabilities 2014: $0Net Assets 2014: $6,902,8132014Assets 2015: $6,495,464Liabilities 2015: $13,000Net Assets 2015: $6,482,4642015Assets 2016: $6,514,898Liabilities 2016: $13,670Net Assets 2016: $6,501,2282016Assets 2017: $6,824,831Liabilities 2017: $14,524Net Assets 2017: $6,810,3072017Assets 2018: $7,011,652Liabilities 2018: $14,672Net Assets 2018: $6,996,9802018Assets 2019: $7,050,893Liabilities 2019: $14,809Net Assets 2019: $7,036,0842019Assets 2020: $7,179,106Liabilities 2020: $69,678Net Assets 2020: $7,109,4282020Assets 2021: $8,427,332Liabilities 2021: $21,472Net Assets 2021: $8,405,8602021Assets 2022: $6,905,836Liabilities 2022: $24,690Net Assets 2022: $6,881,1462022Assets 2023: $6,898,428Liabilities 2023: $28,575Net Assets 2023: $6,869,8532023Assets 2024: $7,555,466Liabilities 2024: $22,014Net Assets 2024: $7,533,4522024

Highlighted filing

2024

Assets$7,555,466
Liabilities$22,014
Net Assets$7,533,452

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $1,179,980Expenses 2011: $382,366Net Income 2011: $797,6142011Revenue 2012: -$211,678Expenses 2012: $382,307Net Income 2012: -$593,9852012Revenue 2013: $711,522Expenses 2013: $370,484Net Income 2013: $341,0382013Revenue 2014: $369,902Expenses 2014: $403,647Net Income 2014: -$33,7452014Revenue 2015: -$1,104Expenses 2015: $372,728Net Income 2015: -$373,8322015Revenue 2016: $23,253Expenses 2016: $350,122Net Income 2016: -$326,8692016Revenue 2017: $204,144Expenses 2017: $429,180Net Income 2017: -$225,0362017Revenue 2018: $359,091Expenses 2018: $453,616Net Income 2018: -$94,5252018Revenue 2019: $579,865Expenses 2019: $514,319Net Income 2019: $65,5462019Revenue 2020: $214,954Expenses 2020: $532,868Net Income 2020: -$317,9142020Revenue 2021: $937,106Expenses 2021: $415,793Net Income 2021: $521,3132021Revenue 2022: $347,896Expenses 2022: $448,767Net Income 2022: -$100,8712022Revenue 2023: $250,972Expenses 2023: $613,858Net Income 2023: -$362,8862023Revenue 2024: $1,248,453Expenses 2024: $507,586Net Income 2024: $740,8672024

Highlighted filing

2024

Revenue$1,248,453
Expenses$507,586
Net Income$740,867

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.56$0.02$7.53$1.25$0.51$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.90$0.03$6.87$0.25$0.61$0.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$0.02$6.88$0.35$0.45$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.43$0.02$8.41$0.94$0.42$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.18$0.07$7.11$0.21$0.53$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.05$0.01$7.04$0.58$0.51$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.01$0.01$7.00$0.36$0.45$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.82$0.01$6.81$0.20$0.43$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$0.01$6.50$0.02$0.35$0.33
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.50$0.01$6.48$0.00$0.37$0.37
2014Detailed filing. Detailed filing data is available for this year.$6.90$0.00$6.90$0.37$0.40$0.03
2013Summary only. Only limited summary data is available for this year.$6.29$0.01$6.28$0.71$0.37$0.34
2012Summary only. Only limited summary data is available for this year.$5.93$0.01$5.92$0.21$0.38$0.59
2011Summary only. Only limited summary data is available for this year.$6.53$0.01$6.52$1.18$0.38$0.80
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 21, 2022
Return Version
2021v4.2
Gross Receipts
$1,113,774
Mission and Program Overview

Mission

Thanks to scandinavia, a scholarship fund, recognizes the ordinary people who performed extraordinary acts in scandinavia and bulgaria during wwii that saved tens of thousands of their jewish neighbors. Thanks to scandinavia celebrates those who demonstrated courage, tolerance and civility even in dark times. To honor their legacy, thanks to scandinavia provides educational opportunities for students from scandinavia and bulgaria who are pushing the boundaries of knowledge and working to create positive change in our world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,393,123$6,838,947▼ $1,554,176
Cash and Non-Interest-Bearing Accounts$26,182$52,643▲ $26,461
Prepaid Expenses and Deferred Charges$8,027$11,696▲ $3,669
Accounts Receivable$0$2,550▲ $2,550
Total Assets$8,427,332$6,905,836▼ $1,521,496
Liabilities
Accounts Payable and Accrued Expenses$21,472$24,690▲ $3,218
Total Liabilities$21,472$24,690▲ $3,218
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,083,622$5,857,472▼ $1,226,150
Net Assets With Donor Restrictions$1,322,238$1,023,674▼ $298,564
Total Net Assets Fund Balance$8,405,860$6,881,146▼ $1,524,714
Total Liabilities and Net Assets / Fund Balance$8,427,332$6,905,836▼ $1,521,496

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,296,738-▼ $153,954$126,610$1,016,174
2020$1,091,318-▲ $205,420-$1,296,738
2019$1,159,366-▲ $78,502$146,550$1,091,318
2018$1,135,048-▲ $62,423$38,105$1,159,366
2017$1,063,583-▲ $74,868$3,403$1,135,048
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly RamotExecutive DirectorPT$80,000$80,000

Board Members and Trustees

NameTitle
Laurie Netter SprayregenPresident
Kim LarsonVice President
Amir ShavivDirector
Anjobrg KnutssonDirector
David BlochDirector
Edward BermanDirector
Ellen RachlinDirector
James ColiasDirector
James ParkDirector
Nancy Petschek-kohnDirector
Rebecca NeuwirthDirector
Ronda LubinSecretary
Paul KorenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,175
Program Service Revenue
$0
Investment Income
$298,439
Other Revenue
$282
All Other Contributions
$49,175
Change in Net Assets
$-100,871

Audited Revenue Reconciliation

Revenue per Audited Statements
$322,029
Revenue Not Reported on Financial Statements
$25,867
Revenue Not Reported on Form 990
$-1,397,976
Total Revenue per Audited Statements
$-1,075,947
Total Revenue per Form 990
$347,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$288,225
Salaries, Compensation, and Employee Benefits$89,892
Other Expenses$70,650
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$118,725--$118,725
Grants to Domestic Orgs$90,000--$90,000
Current Officers, Directors, Trustees, and Key Employees$52,000$28,000-$80,000
Foreign Grants$79,500--$79,500
Fees for Services Accounting-$33,611-$33,611
Office Expenses$8,271$8,856-$17,127
Payroll Taxes$4,194$2,155-$6,349
Insurance-$2,702-$2,702
Other Salaries and Wages$2,519--$2,519
Travel$1,789--$1,789
Other Expenses$2,800$1,260-$1,260
Other Employee Benefits$677$347-$1,024
Fees for Services Legal-$55-$55
Total Functional Expenses$370,494$78,273$0$448,767

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Columbia UniversityNew York, NY-Scholarship$40,000
University of ChicagoChicago, IL-Scholarship$20,000
University of OklahomaNorman, OK-Scholarship$20,000
Cornell UniversityIthaca, NY-Scholarship$10,000

International Summary

Offices
0
Employees
0
Spending
$52,500

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrants to Recipients Located in Regiongrants to Recipients Located in RegionScholarships00$40,000
Middle EastGrants to Recipients Located in RegionScholarships00$12,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors reviews the form 990 in detail prior to submission to the irs.

Form 990, Part VI, Section B, Line 12C

Each board member and key staff must review and sign the conflict of interest policy each year. If there any conflicts, they are reviewed and discussed and then resolved as necessary.

Form 990, Part VI, Section B, Line 15

The president spoke with outside legal counsel who advised the president an appropriate level of compensation based on the position and time and effort required. The president then presented this information to the board for their approval of the compensation.

Form 990, Part VI, Section C, Line 19

Thanks to scandinavia makes its governing documents, conflict of interests policy and financial statements available to the public by providing copies upon request.

Filing and Contact Details

Filer

Filer Name
Thanks to Scandinavia Inc
EIN
13-6192361
Phone
3478554109
Address
2218 BROADWAY 205, NEW YORK, NY 10024

Signing Officer

Name
Laurie Netter Sprayregen
Title
President
Phone
3478554109
Signed
2022-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Netter Sprayregen
Formed
1963
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
12

Preparer

Firm
Dorfman Abrams Music LLC
Address
250 PEHLE AVE SUITE 702, SADDLE BROOK, NJ 07663
Preparer
Patricia Diaz CPA
Phone
2014039750
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Lince 2C Explanation

The organization has a committee that assumes responsibility for oversight of the audit and its financial statements and selection of an independent accountant. Process has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

Thanks to scandinavia is a tax-exempt organization as defined by section 501(c)(3) of the internal revenue code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

Raw XML AppendixShowing 400 of 586 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt021472
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt024690
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt02550
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THANKS TO SCANDINAVIA, A SCHOLARSHIP FUND, RECOGNIZES THE ORDINARY PEOPLE WHO PERFORMED EXTRAORDINARY ACTS IN SCANDINAVIA AND BULGARIA DURING WWII THAT SAVED TENS OF THOUSANDS OF THEIR JEWISH NEIGHBORS. THANKS TO SCANDINAVIA CELEBRATES THOSE WHO DEMONSTRATED COURAGE, TOLERANCE AND CIVILITY EVEN IN DARK TIMES. TO HONOR THEIR LEGACY, THANKS TO SCANDINAVIA PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS FROM SCANDINAVIA AND BULGARIA WHO ARE PUSHING THE BOUNDARIES OF KNOWLEDGE AND WORKING TO CREATE POSITIVE CHANGE IN OUR WORLD.
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IRS990/BooksInCareOfDetail/PhoneNum03478554109
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02218 BROADWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010024
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt080000
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IRS990/Desc0THANKS TO SCANDINAVIA PROVIDES SCHOLARSHIPS EACH YEAR FOR STUDENTS FROM SCANDINAVIA AND BULGARIA WHO ARE PUSHING THE BOUNDARIES OF KNOWLEDGE AND WORKING TO CREATE POSITIVE CHANGE IN OUR WORLD THROUGH THEIR GRADUATE STUDIES IN THE UNITED STATES AND ISRAEL. THANKS TO SCANDINAVIA PROVIDES THE SCHOLARSHIPS TO HONOR THE LEGACY OF THOSE WHO DEMONSTRATED COURAGE, TOLERANCE AND CIVILITY DURING WORLD WAR II BY PROTECTING THEIR JEWISH NEIGHBORS.
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IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID BLOCH
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IRS990/Form990PartVIISectionAGrp/PersonNm10KIM LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm11PAUL KOREN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/InsuranceGrp/ManagementAndGeneralAmt02702
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IRS990/MissionDesc0THANKS TO SCANDINAVIA, A SCHOLARSHIP FUND, RECOGNIZES THE ORDINARY PEOPLE WHO PERFORMED EXTRAORDINARY ACTS IN SCANDINAVIA AND BULGARIA DURING WWII THAT SAVED TENS OF THOUSANDS OF THEIR JEWISH NEIGHBORS. THANKS TO SCANDINAVIA CELEBRATES THOSE WHO DEMONSTRATED COURAGE, TOLERANCE AND CIVILITY EVEN IN DARK TIMES. TO HONOR THEIR LEGACY, THANKS TO SCANDINAVIA PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS FROM SCANDINAVIA AND BULGARIA WHO ARE PUSHING THE BOUNDARIES OF KNOWLEDGE AND WORKING TO CREATE POSITIVE CHANGE IN OUR WORLD.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THANKS TO SCANDINAVIA IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1MIDDLE EAST
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0SCHOLARSHIPS
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS LOCATED IN REGIONGRANTS TO RECIPIENTS LOCATED IN REGION
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